Pembina Pipeline Corp. $PBA Stock Position Boosted by Metis Global Partners LLC

Metis Global Partners LLC raised its stake in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 20.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 73,226 shares of the pipeline company’s stock after buying an additional 12,384 shares during the period. Metis Global Partners LLC’s holdings in Pembina Pipeline were worth $2,961,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Quantbot Technologies LP boosted its position in shares of Pembina Pipeline by 66.3% during the 2nd quarter. Quantbot Technologies LP now owns 76,566 shares of the pipeline company’s stock valued at $2,872,000 after purchasing an additional 30,523 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new stake in shares of Pembina Pipeline in the 2nd quarter worth approximately $1,658,000. First Trust Advisors LP lifted its stake in Pembina Pipeline by 411.1% during the second quarter. First Trust Advisors LP now owns 1,247,976 shares of the pipeline company’s stock valued at $46,820,000 after purchasing an additional 1,003,819 shares during the last quarter. Westwood Holdings Group Inc. lifted its stake in Pembina Pipeline by 14.1% during the second quarter. Westwood Holdings Group Inc. now owns 1,629,929 shares of the pipeline company’s stock valued at $61,139,000 after purchasing an additional 201,096 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. boosted its holdings in Pembina Pipeline by 58.0% during the second quarter. Northwest & Ethical Investments L.P. now owns 177,649 shares of the pipeline company’s stock worth $6,667,000 after buying an additional 65,244 shares in the last quarter. 55.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pembina Pipeline in a report on Monday, December 29th. TD Securities reduced their price objective on Pembina Pipeline from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, December 16th. Zacks Research raised Pembina Pipeline from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Pembina Pipeline in a report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Pembina Pipeline currently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Pembina Pipeline Trading Up 1.7%

Pembina Pipeline stock opened at $44.35 on Friday. Pembina Pipeline Corp. has a 52 week low of $34.13 and a 52 week high of $44.60. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.41 and a current ratio of 0.53. The firm has a market capitalization of $25.77 billion, a price-to-earnings ratio of 22.17 and a beta of 0.68. The company has a 50 day moving average price of $39.39 and a 200 day moving average price of $38.70.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation (NYSE: PBA) is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company’s asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.